UPDATE: Topeka Capital Markets Reiterates Hold Rating, Raises PT on Crane Company
In a report published Wednesday, Topeka Capital Markets reiterated its Hold rating on Crane Company (NYSE: CR), and raised its price target from $44.00 to $53.00.
Topeka Capital Markets noted, “Crane Co. adjusted 4Q EPS was roughly in-line with expectations on higher margins, while revenue was softer-than-expected. Following earnings, we are increasing our price target to $53, from $44, but remain on the sidelines as we believe top-line pressure is likely to limit upside from here. Further details in our report.”
Crane Company closed on Tuesday at $50.23.
Latest Ratings for CR
|Mar 2015||Stifel Nicolaus||Initiates Coverage on||Hold|
|Mar 2015||Bank of America||Downgrades||Neutral||Underperform|
|Feb 2015||Canaccord Genuity||Maintains||Hold|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.